ABNR wins IFLR Asia “Project Finance Deal of the Year” Award
Ali Budiardjo, Nugroho, Reksodiputro (ABNR) acted as counsel to lenders in the financing of Sarulla project, which International Financial Law Review (IFLR) announced as “Project Finance Deal of the Year” during the IFLR Asia Awards ceremony in Hong Kong that took place on March 11, 2015.
ABNR advised Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and six commercial banks in theUS$1.17 billion financing of the 330 MW geothermal power plant in Sarulla, North Sumatera, Indonesia.The sponsors of the project are PT Medco Power Indonesia, ITOCHU Corporation, Kyushu Electric Power and Ormat Technologies, Inc.This marks the financing of the biggest geothermal power project in Indonesia.
The ABNR team was lead by Partners Emir Nurmansyah & Herry Kurniawan.
More Legal Updates
- 07 Oct 2025 ABNR Honoured by Indonesia’s In-House Counsel Community
- 26 Sep 2025 Indonesia and the EU reach important trade deal
- 23 Sep 2025 ABNR Among Best Overall at 2025 ABLJ Indonesia Law Awards: 11 Wins
- 22 Sep 2025 Intersection of Artificial Intelligence (AI) and Copyright: A Look at the Uncharted Territory of the Law
- 17 Sep 2025 ABNR has once again been recognized by IFLR1000 in its 2025 rankings
- 15 Sep 2025 Stricter Mechanism in Land Acquisition and New Provisions on Indonesian Land Regime
NEWS DETAIL
19 Mar 2015
ABNR wins IFLR Asia “Project Finance Deal of the Year” Award
Ali Budiardjo, Nugroho, Reksodiputro (ABNR) acted as counsel to lenders in the financing of Sarulla project, which International Financial Law Review (IFLR) announced as “Project Finance Deal of the Year” during the IFLR Asia Awards ceremony in Hong Kong that took place on March 11, 2015.
ABNR advised Asian Development Bank (ADB), Japan Bank for International Cooperation (JBIC), and six commercial banks in theUS$1.17 billion financing of the 330 MW geothermal power plant in Sarulla, North Sumatera, Indonesia.The sponsors of the project are PT Medco Power Indonesia, ITOCHU Corporation, Kyushu Electric Power and Ormat Technologies, Inc.This marks the financing of the biggest geothermal power project in Indonesia.
The ABNR team was lead by Partners Emir Nurmansyah & Herry Kurniawan.